empty
 
 
06.02.2020 08:39 AM
EUR/USD is preparing for the breakdown; Senate acquitted Trump

Good afternoon, dear traders! I present to your attention an analysis of the EUR/USD pair.

So, according to our yesterday's recommendation to sell the pair - the instrument ended the day with a good decline, stopping at two levels which were important for the buyers. Let's look at them:

This image is no longer relevant

The first level is a two-week low (as well as the minimum of January) and is at a price of 1.099. The second one is more serious which is the low of November last year at a price of 1.098. At the same time, stop orders of buyers of large periods are beyond these levels. The triggering of their stops will lead to a collapse of the price in the zone of these levels, causing the so-called "slippage".

Yesterday, the US currency strengthened on all fronts and the SnP500 wide market index amid news that the Senate acquitted Trump in the impeachment case. Against this background, I recommend developing towards strengthening the American currency. For EUR/USD pair, this will be expressed in a depreciation of the currency pair and with a high probability, it will lead to a breakdown of the levels of 1.099 and 1.098. After breakdowns, I recommend closing short positions and taking profits.

Have a successful trading and control the risks!

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $5000 más!
    ¡En Noviembre, sorteamos $5000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback